Gold & Silverbeta

December 11, 2012
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The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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davefairtex
By davefairtex on Tue, Sep 16, 2014 - 12:41am

PM Daily Market Commentary - 9/15/2014

Gold closed up +2.30 to 1233.80 on moderate volume, while silver was up +0.05 to 18.67 also on moderate volume.  Gold made a new low hitting 1226 early in asia, and then rallied back to close green.  Silver traded in a tight range, and closed at the top of its range.

For silver, if we get a close above 18.75 that could start to make the silver shorts a bit nervous - there certainly are a lot of them, and short-covering will provide the fuel for the rebound when it happens.  Silver is oversold, and due for a bounce.

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